Self-managed superannuation funds – Markets trends and regulatory focus
Good morning and thank you for inviting me to speak today. I’m delighted to be at the annual CPA Australia National SMSF Conference.
The self-managed superannuation (SMSF) sector continues to expand. With around 550,000 SMSFs, over a million members, and assets totalling more than $550 billion, this is a hugely significant sector of Australian investors.
This morning I will:
- give a snapshot of where the superannuation industry is at and the importance of the SMSF sector as a competitive force within the industry
- provide an update on the limited Australian Financial Services (AFS) licensing and SMSF auditor registration regimes, and
- touch on recent ASIC action in the sector.